REC’s Net Profit Up 38% YoY to ₹38 Billion in Q2 FY 2024

The company disbursed loans of ₹415.98 billion during the quarter, up 133% YoY

November 2, 2023

/ Arjun Joshi
/ Other, Renewable Energy
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REC Limited, a government-owned infrastructure finance company, posted a net profit of ₹37.73 billion (~$453.2 million) in the second quarter (Q2) of the financial year (FY) 2024, an increase of 38% year-over-year (YoY) from ₹27.28 billion (~$327.7 million).

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Arjun Joshi

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